Show Me the Money: Covered Calls & Naked Puts for a Monthly Cash Income

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Overview

Are you leaving Cash on the table?

As an investor you have stocks in your portfolio. Those stocks, individually, will go up, down or remain about the same. Nothing really you can do about that. Market forces and corporate actions beyond ...
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Overview

Are you leaving Cash on the table?

As an investor you have stocks in your portfolio. Those stocks, individually, will go up, down or remain about the same. Nothing really you can do about that. Market forces and corporate actions beyond your control will cause fluctuations in the value of your holdings.

But......

There is one important action you can take that will put cash in your brokerage account, today and month after month as time rolls by.

Selling Covered Calls and Naked Puts is a stock market strategy favored by many savvy investors. Here s how it works. Take one of your stocks, Stock ABC, which has a market price of $29. If you will agree to sell that stock (a Call option) for $30 on the third Friday of next month the market will pay you X amount of dollars today (the option premium). That s the money that you are currently leaving on the table. The premium X varies by stock and typically is two to three percent of the stock price.

Think about what can happen when you sell the option. Only one of two things will happen. If the stock price of ABC is above $30 on the third Friday you sell it for $30. That will happen about 30% of the time. The other possibility is that ABC is selling for $30 or less on the third Friday. In that case the option expires and you can sell another Call.

Either way the option premium Real Cash Money is in your brokerage account ready to be spent or reinvested.

Continue the process month after month for a constant cash income from your portfolio.

The Naked Put strategy also gives you immediate cash. Using the same example with Stock ABC, which is in your portfolio and has a market price of $29, ifyou agree to buy additional shares at a discounted price of $27.50 on the third Friday of next month (a Put option) the market will pay you Y amount of dollars today (the option premium). If the stock price is above $27.50 on the third Friday the option expires and you can sell another Put, generating more cash income. If the price does dip below $27.50 then you buy the additional shares and can now sell more Covered Calls. The put premium Y varies by stock and typically is one to three percent of the stock price.

This book will give you the basic skills to master the art of selling Covered Calls and Naked Puts.
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Product Details

  • ISBN-13: 9781934002087
  • Publisher: Keller Pub
  • Publication date: 11/1/2008
  • Pages: 200
  • Product dimensions: 6.00 (w) x 8.90 (h) x 0.60 (d)

Customer Reviews

Average Rating 3.5
( 8 )
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Sort by: Showing all of 8 Customer Reviews
  • Posted February 26, 2009

    more from this reviewer

    A must read for anyone interested in selling covered call Options

    The book is written as a short story and takes the main character step by step thru the process of how selling covered calls and naked puts can improve the returns on your stock portfolio and generate a continuous stream of monthly income. Every step in the process is explained in easy to understand terms. The author also has a website you can go to and download his stock search engine to help you find profitable trades. You can send the author questions by e-mail. Have recommended this book to all my friends who mangage their own portfolios.

    3 out of 3 people found this review helpful.

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  • Posted February 26, 2009

    I Also Recommend:

    Putting the Odds in Your Favor

    Let face it, no matter how much time and energy you exhausted on economic commentary, market prognostication and meticulous comparisons of past performance, you got blind sided by the events of the last 18 months and, in particular, the last 3 months.

    Timing and selection aren't a value proposition; they're a black hole. And the buy and hold strategy used by so many for so long is at present dead. Now is a good time to take all that effort and energy you've wasted on timing and selection, and put them into something that may actually do some good for your portfolio.

    In Ron Groenke's latest book Show Me the Money that's exactly what he does; he shows you a way to invest in today's market and get paid while you wait for your stocks to move up, down or sideways. This very readable book, in story form, is easy to follow and understand. Mr. Groenke covers all his principles, formulas and stock selection criteria and lays out an overall strategy for investing. The heart of his approach is selling covered calls and naked puts. This strategy is not for the faint of heart and requires some homework and behavior modifications. But the end results could be financially rewarding even in today's markets.

    Ron takes the reader through every step of his approach via Jake and Katie Kimball and their conversations with Jake's old college finance professor, Dr. Robert Graham. With each turn of the story you are introduced to the concepts of selling covered calls, selling naked puts, stock selection, buy ranking, buy limits, take-action indicators and portfolio management. Bear in mind that this is not a quick-fix or get-rich-quick book; it's a solid methodology for investing in today's market generating a monthly cash flow without waiting for long term appreciation.

    In addition to Show Me the Money I've also read Mr. Groenke's Cash for Life and use his Visions software.

    In today's economy you may never in your lifetime encounter so many people with so much money so permanently disenchanted with their current investment advisors and portfolios. On the other hand, you may never again experience such a great opportunity where you may be able to make so much money so quickly. Remember, that from the market lows of the ten, post-World War II recessions, the averaged total return in the equity market was 32% for the recovering 12 months following - a bear market is always the temporary interruption of a permanent up-trend. I strongly urge you to read Ron Groenke's Show Me the Money; learn his concepts and get ready for the pending recovery and start putting the odds in your favor.

    2 out of 2 people found this review helpful.

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